Riding the Wave

The economy has a rhythm. There are several overlapping cycles that play out over time. The pattern is erratic and irregular, but it persists over the centuries. Ray Dalio narrates a cartoon video that describes these cycles. There’s a short term debt cycle that includes booms and busts from decade to decade. And there’s a … Continue reading Riding the Wave

Boom

They say you can see a bubble in the economy by looking at the skyline. I was in Los Angeles in the 1980s when a tsunami of Japanese money poured over the city. Back then Library Tower (now US Bank Tower) was under construction. It topped out in 1989 just in time for the market … Continue reading Boom